Schlagwort: crypto business

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Ripple partners with Lunu to expand into the European luxury markets

Ripple, a prominent business blockchain solutions provider, has partnered with Lunu, a crypto-terminal operator and a payment provider that deals with premium retailers to enable German luxury and high-end retailers to receive payments using cryptos.

With the new partnership, the retailers will be able to exchange cryptos for fiat money where the Ripple Liquidity Hub platform will be used. The platform was created by the Ripple team to aid mass crypto adoption.

The platform can also be integrated on a turnkey basis as well as feature an intelligent order routing that will enable the retailers to receive their digital assets at the best prices. 

Additionally, companies that have integrated the platform will be able to access cryptocurrencies seamlessly across the globe including decentralized and centralized exchanges and also OTC venues.

The combined use of Lunu’s point-of-sale (POS) terminals and RippleNet will also help a great deal in providing opportunities to the luxury and high-end retailers in the United Kingdom and Europe to embrace crypto payments in their stores. 

Ripple in Europe

Ripple has continued to strongly establish its presence in the majority of the continents and after gaining traction in the Middle East, it’s now on its mission to dominate in Europe.

However, 2021 was one of the most successful years for Ripple after it managed to double its transactions on RippleNet, now, the average annual payment volume on the network is $15 billion. Besides, the company’s blockchain and other technological use, in general, have contributed to its expansive partnership networks.

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Checkout.com unveils 24/7 stablecoin settlement solution powered by Fireblocks

Checkout.com, a global payments processor currently handling billions in online payments for merchants, has announced a new stablecoin settlement solution that will offer 24/7 payments processing for customers.

The settlement system will be powered by crypto payments technology from blockchain security platform Fireblocks, and will see merchants enjoy seamless and flexible access to cash flow – all in real-time.

The technology, according to details shared by the UK-headquartered company, will offer merchants the benefit of automatic conversion of funds received from customers – in this case from received stablecoin into fiat.

Merchants will also benefit from faster, on-chain and borderless payments settlement.

Initial support for USD Coin (USDC)

Checkout.com will use USD Coin (USDC), a fully collateralized stablecoin pegged on the US dollar and which is currently the second-largest in the sector in terms of market capitalization.

 Checkout.com said it has processed over $300 million via USDC during the new system’s beta program.

Jess Houlgrave, Head of Crypto Strategy at Checkout.com noted that the company was “investing heavily to ensure we can fulfil our mission to enable businesses and their communities to thrive in the digital economy – which we believe includes Web3 and as we see the market reaction, we hope to see more merchants, both crypto native and non-crypto native adopt this.”

Apart from USDC, the firm plans to support other digital assets and has a pilot project involving multiple crypto exchanges and merchants. 

Crypto exchange FTX is reportedly at the forefront of its plans to expand the initiative globally, with other players including Binance and Crypto.com.

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Highlights June 7: BNB declines on SEC probe, GALA only coin in the green

Gala Games Logo

The crypto market as a whole is bearish with most top 100 coins in the red at the time of writing. 

Top cryptos

Bitcoin shed almost 6% of its value in the last 24 hours, trading below $30,000. Ethereum is down around 7%. Binance Coin (BNB) lost 8.50% after Bloomberg reported the US Securities and Exchange Commission was probing its US affiliate. 

In addition, SEC is probing into whether Binance should have registered BNB with the watchdog when the ICO took place in 2017. Cardano and Solana also tumbled, the latter by as much as 10%. 

Cryptos outside the top 10 showed a similar tendency. Despite being listed by Europe’s biggest crypto exchange, Shiba Inu lost around 6% in the last 24 hours. UNUS SED LEO is the only top 20 coin in the green. It gained 2% today. 

Top movers

Outside the top 20, the tendency was similar, with most coins losing 4-8% of their value. Notable standouts include ICP, down 12%, AAVE and THORChain with 10%, and Axie Infinity and Neo with 11%. All are reversing recent gains.  

Gala is the only top 100 coin in the green. It is up 4% after Gala Games announced a partnership with Epic Games to launch Battle Royale game Grit on the Epic Games Store. The Galaverse, an important event for the ecosystem, entered its second day.  

Trending

The biggest winner today is CV SHOTS, whose token CVSHOT is up 289% in the last 24 hours. The platform was created to help companies and job seekers network. It aims to help business owners find qualified employees. 

The platform evolved into a significant job marketplace, connecting all kinds of companies with millions of job seekers.  

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Ripple co-founder Jed McCaleb has sold 70 million XRP in two weeks

Ripple co-founder Jed McCaleb sold nearly 70 million XRP over the past two weeks, data from XRPscan shows.

According to the data, the “tacostand” wallet has sold 69.11 million XRP, with over 20 million of these hitting the market in the past six days. Overall, the latest selling started on 24 May, coinciding with a dip in the XRP price.

In total, he has sold over 5 billion of the total 9 billion XRP he received as Ripple co-founder. Meanwhile, the tacostand wallet address shows a balance of nearly 183 million XRP.

The ex-Ripple CTO, who exited the company in 2013, still owns more than 3 billion XRP in holdings periodically released to him by Ripple.  

XRP price

XRP traded around $0.39 on Monday, about 6.1% in the past two weeks. The XRP/USD pair briefly rallied to highs above $0.42 on 31 May, before retreating as the crypto market tanked. In the past 24 hours, the 7th ranked cryptocurrency has gained about 2%.

Predictions are that a win for Ripple against the US Securities and Exchange Commission (SEC) could spur positive price movement. But for now, XRP remains 88% off its all-time high of $3.40 reached on 7 January 2018.

McCaleb co-founded Stellar (XLM)

McCaleb is the co-founder of the Stellar (XLM) cryptocurrency, a Ripple rival in the cross-border payments sector. He also founded the defunct Mt. Gox, a Bitcoin exchange that shutdown following a major hack in 2014.

Forbes currently lists McCaleb as the 1414th wealthiest person in the world with a net worth of over $2.2 billion (as of 6 June 2022).

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Solana disables transaction feature to prevent future network outage

The temporary disabling of the durable nonce transactions allowed for block production to resume after last Wednesday’s network four and half hour outage.

Solana has disabled the durable nonce transaction feature on its network to prevent future outages similar to what happened last week when it halted for over four hours.

What caused the latest outage?

According to Solana Labs, a runtime bug triggered a situation where failed durable nonce transactions were processed twice, leading to nondeterminism. In this case, validators counted the transaction at two different block heights, with 33% of the validators reportedly accepting the subsequent block to effectively halt the network.

The durable nonce transactions feature was disabled in the v1.9.28/v1.10.23 releases as part of the restart after the 1 June block production halt on the Mainnet Beta.

This, according to the team, will help ensure the network does not suffer a similar stall in consensus if in case of a bug.

“Durable nonce transactions will not process until the mitigation has been applied, and the feature re-activated in a forthcoming release,” the platform wrote in a blog post.

Solana is currently the ninth largest cryptocurrency platform with a market cap of over $14.5 billion. The native SOL coin trades around $42.55, more than 6% up in the past 24 hours.

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